XEI.TO vs. XDIV.TO
Compare and contrast key facts about iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO).
XEI.TO and XDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011. XDIV.TO is a passively managed fund by iShares that tracks the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. It was launched on Jun 12, 2017. Both XEI.TO and XDIV.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XEI.TO or XDIV.TO.
Key characteristics
| XEI.TO | XDIV.TO | |
|---|---|---|
| YTD Return | 6.74% | 9.98% |
| 1Y Return | 9.27% | 14.24% |
| 3Y Return (Ann) | 8.44% | 10.96% |
| 5Y Return (Ann) | 9.17% | 10.26% |
| Sharpe Ratio | 0.79 | 1.31 |
| Daily Std Dev | 11.60% | 10.89% |
| Max Drawdown | -45.51% | -41.29% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XEI.TO and XDIV.TO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XEI.TO vs. XDIV.TO - Performance Comparison
In the year-to-date period, XEI.TO achieves a 6.74% return, which is significantly lower than XDIV.TO's 9.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XEI.TO vs. XDIV.TO - Expense Ratio Comparison
XEI.TO has a 0.22% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XEI.TO vs. XDIV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
XEI.TO vs. XDIV.TO - Dividend Comparison
XEI.TO's dividend yield for the trailing twelve months is around 5.13%, more than XDIV.TO's 4.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 5.13% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% | 7.94% | 4.43% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 4.62% | 4.42% | 4.15% | 3.76% | 4.82% | 4.22% | 5.10% | 1.91% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XEI.TO vs. XDIV.TO - Drawdown Comparison
The maximum XEI.TO drawdown since its inception was -45.51%, which is greater than XDIV.TO's maximum drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for XEI.TO and XDIV.TO. For additional features, visit the drawdowns tool.
Volatility
XEI.TO vs. XDIV.TO - Volatility Comparison
iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) have volatilities of 2.77% and 2.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.